About Mylapay
Mylapay is a company based in Chennai (India) founded in 2019 by Santhanakumar Dhanabalakrishnan, Mohanraj Ravi, and Sundar Balasubramanian.. Mylapay has raised $1.74 million across 5 funding rounds from investors including LetsVenture, CDM Capital and 77 Capital. The company has 21 employees as of April 07, 2024. Mylapay operates in a competitive market with competitors including REPAY, Infibeam Avenues, Clearhaus, DataMesh Group and CredoPay, among others.
- Headquarter Chennai, India
- Employees 21 as on 07 Apr, 2024
- Founders Santhanakumar Dhanabalakrishnan, Mohanraj Ravi, Sundar Balasubramanian
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Mindeed Technologies And Services Private Limited
- Date of Incorporation 09 May, 2019
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$8.55 K (USD)0as on Mar 31, 2021
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Net Profit
$-30.88 K (USD)40.07as on Mar 31, 2021
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EBITDA
$-30.33 K (USD)40.31as on Mar 31, 2021
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Total Equity Funding
$1.74 M (USD)
in 5 rounds
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Latest Funding Round
$1 M (USD), Series A
Jan 05, 2026
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Investors
LetsVenture
& 25 more
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Employee Count
21
as on Apr 07, 2024
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Funding Insights of Mylapay
Mylapay has successfully raised a total of $1.74M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $1.0M
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First Round
First Round
(17 Jun 2019)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series A - Mylapay | Valuation |
investors |
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| Jan, 2024 | Amount | Seed - Mylapay | Valuation | CDM Capital | |
| Aug, 2022 | Amount | Angel Round - Mylapay | Valuation | Ashok Vittal |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mylapay
Mylapay has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, CDM Capital and 77 Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage fintech startups receive investments from 77 Capital.
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Founded Year | Domain | Location | |
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Venture capital firm focused on pre-seed to series B stage companies
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Founded Year | Domain | Location | |
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Early-stage investment in transformative technology sectors like FinTech, HealthTech, and SaaS.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mylapay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mylapay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mylapay Comparisons
Competitors of Mylapay
Mylapay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as REPAY, Infibeam Avenues, Clearhaus, DataMesh Group and CredoPay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Merchant acquiring solutions are provided for businesses to process payments.
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| domain | founded_year | HQ Location |
Digital payment solutions and enterprise software platforms are provided.
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| domain | founded_year | HQ Location |
Merchant acquiring solutions are offered for payment processing needs.
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| domain | founded_year | HQ Location |
Payment processing solutions are delivered to Australian merchants and retailers.
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| domain | founded_year | HQ Location |
Merchant acquirer payment processing solutions for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Mylapay
When was Mylapay founded?
Mylapay was founded in 2019.
Where is Mylapay located?
Mylapay is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Mylapay?
Mohanraj Ravi is the current CEO of Mylapay. They have also founded this company.
Is Mylapay a funded company?
Mylapay is a funded company, having raised a total of $1.74M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $12.71K, raised on Jun 17, 2019.
How many employees does Mylapay have?
As of Apr 07, 2024, the latest employee count at Mylapay is 21.
What is the annual revenue of Mylapay?
Annual revenue of Mylapay is $8.55K as on Mar 31, 2021.
What does Mylapay do?
Mylapay was founded in 2019 and is headquartered in Chennai, India, within the fintech sector. Payment processing for online and offline transactions is handled through secure authentication and switching mechanisms. Post-authorization processes, including clearing, settlement, reconciliation, and chargeback management, are managed via a unified platform. Risk is minimized in cross-border payments, while analytics for profitability and real-time costing are provided through an intuitive dashboard and API integration.
Who are the top competitors of Mylapay?
Mylapay's top competitors include REPAY, Infibeam Avenues and Clearhaus.
Who are Mylapay's investors?
Mylapay has 26 investors. Key investors include LetsVenture, CDM Capital, 77 Capital, Saison Capital, and Ashok Vittal.
What is Mylapay's valuation?
The valuation of Mylapay is $4.15M as of Jan 2024.
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